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Red Hardware had inventory valued at $380,000. The store estimates the annual cost of carrying its inventory at 25% of the inventory's value. With on-time shipping, Red Hardware reduced its inventory to three-fourths of its original value and still met customers' orders. How much did the store save on the total cost of carrying its inventory?

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1. Red Hardware had inventory valued at $380,000. The store estimates the annual cost of carrying its inventory at 25% of the inventory's value. With on-time shipping, Red Hardware reduced its inventory to three-fourths of its original value and still met customers' orders. How much did the store save on the total cost of carrying its inventory?





 
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